Funding you earn now, next payment 07:00 UTC+0.0530%/8h= +58.0% APRpaid last 24h +0.061%
Price spread now: BloFin against ApeX Omni−0.166%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1291.291% of the position
Funding, last 7 days+0.225%+$23 on $10k
+Price spread, last 4 days (all we have)+0.147%+$15 · spread now −0.166%, 7d avg −0.033%
=Funding pays, the price is against you. BloFin is 0.134% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.166% now, against its 7-day average of −0.033%). If the spread goes back, that is −$13 on $10k: about 20 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.225% in total) that is about 4.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.225% in total (about 11.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni NATGASUSDT | 3.0100 | 0.0100 | pay 0.0013% / 1h | 24m 27s | $37K | $217K | 50x |
| Short | BloFin NG-USDT | 3.0050 | 0.0630 | get 0.0630% / 8h | 1h 24m | $83K | $198K | 20x |
ApeX Omni NATGASUSDT
BloFin NG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $111.29
- Price spread: −0.166% → −0.033%
- −$13.36
- Slippage, 4 orders
- −$107.11
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$31.18
- Costs to cover
- 1.291%
- Break-even
- 9.0 days
Slippage from ApeX Omni: live order book, 17 min ago; BloFin: live order book, 51 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy ApeX Omni live order book, 17 min ago | 16.64 bp | 51.5 bp −$52 | 263.5 bp −$2,635 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 51 min ago | 3.33 bp | 12.2 bp −$12 | 13.7 bp −$137 | doesn't fit | doesn't fit |
NATGAS on 27 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8461 | −5.445% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0092 | −0.027% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0002% | 1h | 3.0070 | −0.100% | $660K | $96K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0079 | −0.070% | $630K | $502K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0067 | −0.108% | $111K | $283K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0070 | −0.100% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0069 | −0.103% | $6.0M | $5.4M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0056 | −0.146% | $83K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0055% | 8h | 3.0088 | −0.041% | $5K | — | 5x | as long as short |
| HTX NATGAS-USDT | +0.0058% | 4h | 3.0089 | −0.037% | $107K | $204K | 75x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
HTX NATGAS-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 3.0052 | −0.160% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDTlong | +0.0100% | 1h | 3.0100 | long leg | $37K | $217K | 50x | |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0100 | 0.000% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0070 | −0.100% | $1.5M | $92K | 10x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0152% | 4h | 3.0064 | −0.120% | $22K | $210K | 25x | as long as short |
| Hotstuff NATGAS-PERP | +0.0224% | 1h | 3.0078 | −0.073% | $35K | — | 20x | as long as short |
| KuCoin NATGASUSDTM | +0.0260% | 4h | 3.0050 | −0.166% | $1.0M | $915K | 20x | as long as short |
| Aster NATGASUSDT | +0.0285% | 4h | 3.0094 | −0.020% | $265K | $70K | 50x | as long as short |
| Variational Omni NATGAS | +0.0508% | 4h | 3.0070 | −0.101% | $319K | $393K | — | as long as short |
| Binance NATGASUSDT | +0.0527% | 4h | 3.0070 | −0.100% | $10.3M | $28.6M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0547% | 4h | 3.0070 | −0.101% | $85K | $211K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0553% / S −0.0560% | 1h | 3.0075 | −0.083% | $88K | — | 45x | as long as short |
| Gate NG_USDT | +0.0626% | 8h | 3.0090 | −0.033% | $1.5M | $196K | 100x | as long as short |
| BloFin NG-USDTshort | +0.0630% | 8h | 3.0050 | −0.166% | $83K | $198K | 20x | |
| OKX NG-USDT-SWAP | +0.0655% | 8h | 3.0080 | −0.066% | $877K | $1.8M | 50x | as long as short |
| Bitget NATGASUSDT | +0.0958% | 4h | 3.0040 | −0.199% | $9.9M | $3.1M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0986% | 1h | 3.0088 | −0.040% | $56K | $35K | 20x | as long as short |
Pacifica NATGAS
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
GRVT NATGAS_USDT_Perp
Hotstuff NATGAS-PERP
KuCoin NATGASUSDTM
Aster NATGASUSDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
OKX NG-USDT-SWAP
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD